Subsequent Operator definition
Examples of Subsequent Operator in a sentence
Such Subsequent Operator may make offers of employment to such employees and such employees that are hired shall become the employees of the Subsequent Operator.
The terms, unless otherwise agreed by the Access Holder and Queensland Rail will be identical to the terms of this agreement except as is necessary to reflect the Train Services to be operated by that Subsequent Operator and to reflect that Subsequent Operator’s operations.
Subject to clause 3.4(c), the Access Holder may, from time to time, provided that it is not in material breach of any of its obligations under this agreement, nominate one or more Accredited Rolling Stock Operators (Subsequent Operator) to utilise all or part of the Access Rights upon giving at least 20 Business Days prior written notice to Queensland Rail.
Owner shall be responsible for termination issues and/or severance costs associated with any employees of Operator who were not Legacy Employees and who are terminated by Operator and not hired by the Subsequent Operator.
Prior to the transfer of the Licenses, the assignment of the Receivables Financing or the entry into the new Operator Lease with the Subsequent Operator, the Borrower, the Subsequent Operator and Manager must (A) provide Lender with written notice of such proposed transfer together with copies of the proposed documents to effectuate such transactions, (B) the terms of Section 3.3 hereof ------- --- must be complied with and (C) Lender must have approved in writing of such transfers.
At least two years prior to the End Date, the Operator shall develop a plan to hand-over the New Facility to the Subsequent Operator at the end of the term of the Contract (the “Transition Plan”).
USEC Option to Extend Contract; Subsequent Operator Training.............................
Borrower will pay, and cause the ------------------ Subsequent Operator to pay, its trade payables within thirty (30) days of the date incurred, unless Borrower or the Subsequent Operator is in good faith contesting Borrower's or the Subsequent Operator's obligation to pay such trade payables in a manner satisfactory to Lender (which may include Lender's requirement that Borrower or the Subsequent Operator post security with respect to the contested trade payable).
The Borrower, Initial Operator -------------------------- and Manager contemplate that (i) the Licenses to operate the Facility will be transferred to the Subsequent Operator or the Subsequent Operator will obtain the Licenses to operate the Facility and (ii) the Subsequent Operator will enter into a new Operator Lease with the Borrower and the Initial Operator will assign its rights and obligations with respect to the Receivables Financing to the Subsequent Operator.
The purpose of the Transition Assistance is to ensure a smooth transition between the Operator and a Subsequent Operator of the New Facility.